Grayscale Launches Bitcoin Mining ETF on NYSE Arca

Grayscale Investments has introduced its Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, giving investors direct exposure to the Bitcoin mining industry. Launched on January 31, 2025, the ETF tracks the Indxx Bitcoin Miners Index, focusing on companies involved in Bitcoin mining operations, hardware, software, and related services.

Targeted Exposure to Leading Bitcoin Miners

The ETF’s top holdings include major players in the Bitcoin mining sector, highly correlated with Bitcoin’s price movements:

• Marathon Digital Holdings – 16.6% exposure
• Riot Platforms – 11.9% exposure
• Core Scientific – 9.2% exposure

These companies are critical to maintaining the decentralization and transparency of the Bitcoin network.

“Grayscale Bitcoin Miners ETF offers investors targeted exposure to Bitcoin miners and the global Bitcoin mining industry in a passively managed, rules-based fund designed to evolve with the industry,” said David LaValle, Grayscale’s Global Head of ETFs.

LaValle emphasized that Bitcoin miners, as the backbone of the network, are poised for significant growth amid rising Bitcoin adoption.

Grayscale Adjusts Broader Crypto Fund Allocations

In addition to launching MNRS, Grayscale recently modified its Digital Large Cap Fund (GDLC) allocations. The updated portfolio now comprises nearly 90% Bitcoin (BTC) and Ethereum (ETH):

• Bitcoin (BTC) – 73.52%
• Ethereum (ETH) – 16.16%
• XRP – 5.05%
• Solana (SOL) – 3.83%
• Cardano (ADA) – 1.44%

These adjustments reflect Grayscale’s ongoing commitment to aligning its funds with market dynamics and investor demand.

The launch of the Grayscale Bitcoin Miners ETF marks another milestone in expanding institutional access to cryptocurrency investment opportunities.